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Commerce Bancshares (NASDAQ:CBSH)‘s stock had its “neutral” rating reaffirmed by stock analysts at Macquarie in a report issued on Wednesday. They currently have a $45.00 price objective on the stock, up from their previous price objective of $42.00. Macquarie’s target price indicates a potential downside of 2.56% from the company’s current price.

Shares of Commerce Bancshares (NASDAQ:CBSH) traded down 0.62% on Wednesday, hitting $45.895. 527,401 shares of the company’s stock traded hands. Commerce Bancshares has a one year low of $40.0381 and a one year high of $47.65. The stock has a 50-day moving average of $45. and a 200-day moving average of $44.67. The company has a market cap of $4.369 billion and a P/E ratio of 16.81. Commerce Bancshares also was the target of a significant increase in short interest in June. As of June 30th, there was short interest totalling 4,429,661 shares, an increase of 189.4% from the June 13th total of 1,530,648 shares. Approximately 4.9% of the shares of the stock are short sold. Based on an average daily volume of 379,006 shares, the days-to-cover ratio is presently 11.7 days.

Commerce Bancshares (NASDAQ:CBSH) last released its earnings data on Tuesday, July 15th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. During the same quarter in the previous year, the company posted $0.69 earnings per share. On average, analysts predict that Commerce Bancshares will post $2.77 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at DA Davidson raised their price target on shares of Commerce Bancshares from $52.00 to $54.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Commerce Bancshares from $47.00 to $53.00 in a research note on Wednesday, July 9th. They now have an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Commerce Bancshares in a research note on Friday, May 30th. They now have a $46.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $47.00.

Commerce Bancshares, Inc is a bank holding company. Through a wholly owned bank holding company, it owns all of the outstanding capital stock of Commerce Bank (NASDAQ:CBSH).

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